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Home » Reader question » Buying a condo in Thailand?
Buying a condo in Thailand?
Dear readers,
I would like information regarding the purchase of a condo. I have never bought anything abroad, let alone in Thailand.
I am single and have to work for a few more years and then I would like to sell everything here in Belgium and live in Thailand and enjoy my retirement.
The Riviera Monaco is a building in Na Jomtien Pattaya that I like and there are many condos for sale.
Can someone give me information on how I should proceed to make a good and correct purchase.
Regards,
Paul (BE)
Editors: Do you have a question for the readers of Thailandblog? Use it contact form..
You have apparently already visited Thailand
If you have no experience with purchasing a condo, I would definitely have the purchase contract viewed by a lawyer. You should not believe the brokers because they only want to collect their commission as quickly as possible.
There is still a lot to look at, and if you don't have a Thai wife. it's a bit more difficult. In that case I would do it through a Dutch speaking real estate agent anyway, we have good experiences with Ronald van der Meulen, he also lives close to Jomtien,
Hi French
Do you have contact details of Ronald van der Meulen?
Real estate name, email, telephone number?
Dank U
I only have contact with him through Facebook, just search there by his name.
You can do a lot yourself if you have the time. I agree more with Ferdinand than with Frans.
Brokers are basically the ones who make the contacts and have 1 goal: to earn commission.
The nationality and language they speak do not matter.
In shipping we say: Fix and forget.
Book, forget and quickly on to the next case.
Without experience here locally, the combination of broker and a lawyer is a good move.
Don't rush anything. Make sure you take logical steps. First rent something at a certain location before you decide to buy. After all: TiT (This is Thailand) and it could just happen that your beautiful view from your high-rise condo is going to be blocked by a new one. Or that the soi turns out to be a gathering place for the local stray dogs. Well, you name it. See your owner-occupied apartment losing one. Visit well-known Thailand vlog channels on Youtube to see who they recommend and why. The comment that brokers are only after commission is nice and easy and of course too generalizing. Spend a holiday viewing apartments and visiting real estate agents and possibly. lawyer who assists you in person so that you know from your own experience who you are dealing with. After all, these are hard-earned euros that you still work hard for.
Good luck and above all have fun looking around.;
You indicate that you want to buy something in a condominium that is largely empty. This says something about the interest in the condos and the prices asked. If a condominium is largely empty, this may also mean that there is no money for maintenance (in the long term).
With regard to buying/renting, I will not give unsolicited advice, but I still want to inform you that renting in Thailand is often relatively not that expensive. Especially for condos where there is often something empty, there is also enough to discuss in terms of rent. Some expats also keep their home in their home country and rent it out.
Go for it! I already bought a pool villa in a development in Hua Hin after my second visit to Thailand. And a condo is even much safer (full property) than a pool villa (leasehold). Did you sell the pool villa back after 3 years due to covid travel ban and leaving a villa uninhabited in a tropical area is not a good idea (rain, floods, pest control,...).
I worked with lawyers Chavalit & Partners, with UK staff member lawyer Jane Haddow. I was very satisfied. Nothing went wrong with purchase and later sale.